Which of the Following Are Limitations of PERT and CPM?(I)Time

question 8

Multiple Choice

Which of the following are limitations of PERT and CPM?(I) Time estimates may include a fudge factor.(II) Important activities may be overlooked.(III) It is an after-the-fact analysis.

• A)I and II
• B)I, II, and III
• C)I and III
• D)II and III
• E)I only

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Definitions:

Odd Pricing

A pricing tactic in which a firm prices products a few cents below the next dollar amount.

Price Sensitivity

How much the desire for a product or service shifts in response to price variations.

Strategic Decisions

High-level choices that determine the direction and success of an organization.

Weekly Profit

The amount of financial gain made in a business operation over the course of a week.